On Saturday the popular global online auction-based e-commerce site eBay told customers it now officially does not accept American Express as a payment option on its platform. The company — which has been wildly successful in the years after it was launched in 1995 — said 'unacceptably high fees' charged by American Express were a deciding factor, after 'careful consideration,' in the decision to no longer accept the card as payment.
In June American Express responded to the move posting a message to its website writing, 'We are disappointed that eBay made the decision to stop accepting American Express Cards.'The company said, 'By doing so, they will limit customers’ payment choices and take away the service, security, and rewards that customers value when paying with American Express.